McDonald's Corp reported a stronger-than-expected rise in sales at established U.S. restaurants on Friday, as the world's largest burger chain ...
REUTERS: McDonald's Corp beat quarterly sales expectations at established U.S. restaurants on Friday, as the world's largest burger chain's attracted more diners with upgraded stores and new promotions, such as the 2 for US$5 Mix and Match deal.
"These three are using their operating scale and their business strength to essentially outflank smaller competitors and generate very strong sales growth and bottom line profits," Telsey Advisory Group analyst Bob Derrington said. McDonald's, like many of its peers, has been remodeling its 14,000 restaurants in the United States - its biggest market - by introducing digital ordering kiosks and new mobile order, pay and pickup services to replicate the success of such upgrades in driving growth abroad.
Globally, same-store sales rose 6.5per cent, also topping estimates of 5.08per cent, helped by strong performance in UK, France and Germany.
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